A Theory of Foreign Exchange Interventions
收藏NBER2020-09-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w27872
下载链接
链接失效反馈官方服务：
资源简介：
We study a real small open economy with two key ingredients: (i) partial segmentation of home and foreign bond markets and (ii) a pecuniary externality that makes the real exchange rate excessively volatile in response to capital flows. Partial segmentation implies that, by intervening in the bond
提供机构：
美国国家经济研究局创建时间：
2020-09-01
